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Universities Have a Computer-Science Problem
(news.slashdot.org)
This is a most excellent place for technology news and articles.
As a CS grad in the trade, I can confirm.
I make my living exclusively from web development.
I'm able to apply a lot of the fundamental stuff I learned from college (e.g. algorithms, code analysis, statistics, security, etc), but by the end of the day, it all goes to the web apps.